Mothercare 'set to rehire boss and close 50 stores'

The firm will also announce the closure of 50 of its 137 remaining stores when it releases its annual results later, according to a Sky News report. That typically sees retailers closing stores and renegotiating rents, in return for a fresh injection of finance. Over the past four years Mothercare has closed dozens of stores, taking its total from 200 outlets to 137 last year. It intends to reduce that further to between 80 and 100 stores. Carpetright has entered into a CVA and announced store closures, as has fashion chain New Look.